SSG vs. SPRX ETF Comparison

Comparison of ProShares UltraShort Semiconductors (SSG) to Spear Alpha ETF (SPRX)

SSG

ProShares UltraShort Semiconductors

SSG Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. SemiconductorsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the semiconductor sub-sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$7.07

Average Daily Volume

95,634

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPRX

Spear Alpha ETF

SPRX Description

SPRX invests in companies that are poised to benefit from breakthrough trends in industrial technology. The fund’s objective is to find underappreciated opportunities across different industrial supply chains that are beneficiaries of the secular themes discussed below: Environmental Focus and Decarbonization Manufacturing Digitalization Automation & Robotics Photonics and Additive Manufacturing Space Exploration Artificial Intelligence (AI) SPRX is an actively managed ETF that seeks long-term capital growth by investing in US listed securities (including American depositary receipts "ADRs") of industrial and technology companies relevant to the Fund’s investment themes and the ecosystem around them. SPRX invests in both “growth”, defined as companies with high and underappreciated growth prospects, and “value”, defined as opportunities that are undervalued based on an assessment of the underlying fundamentals.

Grade (RS Rating)

Last Trade

$24.18

Average Daily Volume

53,403

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SSG	SPRX
30 Days	-11.54%	7.71%
60 Days	-39.56%	5.64%
90 Days	-43.87%	5.18%
12 Months	-81.17%	34.86%

4 Overlapping Holdings

Symbol	Grade	Weight in SSG	Weight in SPRX	Overlap
AMD	B	4.48%	6.41%	4.48%
MRVL	C	1.5%	4.66%	1.5%
MU	C	5.04%	0.39%	0.39%
NVDA	B	12.05%	12.57%	12.05%

SSG Overweight 21 Positions Relative to SPRX

Symbol	Grade	Weight
INTC	C	20.47%
TXN	B	9.72%
AVGO	B	9.66%
QCOM	B	8.64%
AMAT	B	4.58%
LRCX	B	3.53%
ADI	B	3.48%
KLAC	B	2.23%
MCHP	C	2.06%
SWKS	C	1.67%
QRVO	B	1.06%
TER	A	0.93%
ON	C	0.81%
OLED	A	0.71%
ENTG	B	0.6%
MPWR	B	0.58%
MKSI	B	0.5%
SLAB	D	0.41%
CRUS	A	0.38%
SMTC	C	0.29%
IDCC	A	0.15%

SSG Underweight 18 Positions Relative to SPRX

Symbol	Grade	Weight
ZS	B	-9.73%
NET	B	-7.56%
SNOW	D	-6.82%
SHOP	C	-5.98%
CRWD	B	-5.09%
DDOG	B	-4.87%
APH	B	-4.68%
CEG	B	-4.65%
CFLT	C	-4.61%
S	C	-4.56%
NRG	D	-4.31%
HUBS	C	-3.79%
PANW	B	-3.18%
GTLB	C	-1.82%
ANET	A	-1.31%
NVT	D	-0.79%
RIO	C	-0.0%
ROK	D	-0.0%